date:May 29, 2013
Le Gaga Holdings Limited (NASDAQ: GAGA) (Le Gagaorthe Company), a leading greenhouse vegetable producer in China, announced today that its board of directors has received a non-binding proposal letter dated May 21, 2013 from Ms. Na Lai Chiu, the chairman of the Companys board of directors, Mr. Shing Yung Ma, a director and the chief executive officer of the Company, and Sequoia Capital China (together with Ms. Na Lai Chiu and Mr. Shing Yung Ma, the Consortium) to acquire all of the outstandin